REGISTERED CHARITY NUMBER: 1205393
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2024
for
Argoed Sports Association
Ridgway and Company The Office, Ffordd Pentre Bach, Nercwys. Mold Flintshire CH7 4EG
Argoed Sports Association
Contents of the Financial Statements for the Year Ended 31 December 2024
| Page | |||
|---|---|---|---|
| Report of the trustees | 1 | ||
| Independent examiner's report | 2 | ||
| Statement of financial activities | 3 | ||
| Balance sheet | 4 | ||
| Notes to the financial statements | 5 | to | 7 |
| Detailed statement of financial activities | 8 | to | 9 |
Argoed Sports Association
Report of the Trustees for the Year Ended 31 December 2024
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Structure, governance and management
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Reference and administrative details
Registered Charity number
1205393
Principal address
Argoed Social Club The Pavilion Snowdon Avenue Bryn Y Baal Flintshire CH7 6SZ
Trustees
J Hollyoak Mrs T Ellis L R Evans J Hutchinson
Independent Examiner
Ridgway and Company The Office, Ffordd Pentre Bach, Nercwys. Mold Flintshire CH7 4EG
Approved by order of the board of trustees on 24 September 2025 and signed on its behalf by:
Mrs T Ellis - Trustee
Page 1
Independent Examiner's Report to the Trustees of Argoed Sports Association
Independent examiner's report to the trustees of Argoed Sports Association
I report to the charity trustees on my examination of the accounts of Argoed Sports Association (the Trust) for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Christian Ridgway
Ridgway and Company The Office, Ffordd Pentre Bach, Nercwys. Mold Flintshire CH7 4EG
24 September 2025
Page 2
Argoed Sports Association
Statement of Financial Activities for the Year Ended 31 December 2024
| Unrestricted | ||
|---|---|---|
| funds | ||
| Notes | £ | |
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 182,956 | |
| Other trading activities | 3 | 44,360 |
| Total | 227,316 | |
| EXPENDITURE ON | ||
| Raising funds | 35,189 | |
| Other | 6,106 | |
| Total | 41,295 | |
| NET INCOME | 186,021 | |
| TOTAL FUNDS CARRIED FORWARD | 186,021 |
The notes form part of these financial statements
Page 3
Argoed Sports Association
| Balance Sheet | |||
|---|---|---|---|
| 31 | December 2024 | ||
| Unrestricted | |||
| funds | |||
| Notes | £ | ||
| FIXED ASSETS | |||
| Tangible assets | 5 | 84,846 | |
| CURRENT ASSETS | |||
| Cash at bank | 101,848 | ||
| CREDITORS | |||
| Amounts falling due within one year | 6 | (673) | |
| NET CURRENT ASSETS | 101,175 | ||
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 186,021 | ||
| NET ASSETS | 186,021 | ||
| FUNDS | 7 | ||
| Unrestricted funds | 186,021 | ||
| TOTAL FUNDS | 186,021 |
The financial statements were approved by the Board of Trustees and authorised for issue on 24 September 2025 and were signed on its behalf by:
T Ellis - Trustee
L R Evans - Trustee
J Hollyoak - Trustee
J Hutchinson - Trustee
The notes form part of these financial statements
Page 4
Argoed Sports Association
Notes to the Financial Statements for the Year Ended 31 December 2024
1. FUNDS
Assets and liabilities from Argoed Sports Association (Charity Number 1031677) were transferred on 1st January 2024 following its closure. The transfer was treated as a donation of net assets.
2. ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
EXPENDITURE
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
TAXATION
The charity is exempt from tax on its charitable activities.
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
3. OTHER TRADING ACTIVITIES
| Kitchen and Event Sales Affiliation Fees 3G Pitch Hire - Affiliate 3G Pitch Hire - Private Rents received Sink Fund Contributions |
£ 1,597 2,675 10,425 12,560 8,103 9,000 |
|---|---|
| 44,360 |
Page 5
continued...
Argoed Sports Association
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 December 2024.
5. TANGIBLE FIXED ASSETS
| Improvements to property £ COST Additions 69,330 DEPRECIATION Charge for year 2,286 NET BOOK VALUE At 31 December 2024 67,044 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors 7. MOVEMENT IN FUNDS Unrestricted funds General fund Transfer from Old Charity TOTAL FUNDS Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 53,589 Transfer from Old Charity 173,727 227,316 TOTAL FUNDS 227,316 |
Plant and machinery Totals £ £ 19,780 89,110 1,978 4,264 17,802 84,846 £ 223 450 673 Net movement At in funds 31.12.24 £ £ 12,294 12,294 173,727 173,727 186,021 186,021 186,021 186,021 Resources Movement expended in funds £ £ (41,295) 12,294 - 173,727 (41,295) 186,021 (41,295) 186,021 |
|---|---|
Page 6
continued...
Argoed Sports Association
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
Page 7
Argoed Sports Association
Detailed Statement of Financial Activities for the Year Ended 31 December 2024
£
| INCOME AND ENDOWMENTS Donations and legacies Donations Transfer from old charity Other trading activities Kitchen and Event Sales Affiliation Fees 3G Pitch Hire - Affiliate 3G Pitch Hire - Private Rents received Sink Fund Contributions Total incoming resources EXPENDITURE Raising donations and legacies Cricket/Bowls Grounds Mainten Grounds Maintenance - Other Football Grounds Maintenance Buildings Maintenance 3G Maintenance - Contractor 3G Maintenance - Other Other trading activities Kitchen and Event Costs Other AWP Sink Fund Donations to Affiliates Support costs Management Ground Rents and Rates Insurance Utility Costs Equipment maintenance Sundries Landfill and Waste Removal IT Software and Consumables |
9,230 173,726 |
|---|---|
| 182,956 1,597 2,675 10,425 12,560 8,103 9,000 |
|
| 44,360 | |
| 227,316 1,193 300 5,562 11,446 2,112 912 |
|
| 21,525 1,125 3,000 2,656 |
|
| 5,656 175 3,121 2,071 1,853 39 849 46 |
|
| 8,154 |
This page does not form part of the statutory financial statements
Page 8
Argoed Sports Association
| Management Finance Bank charges Improvements to property Plant and machinery Governance costs Accountancy and legal fees Total resources expended Net income |
Detailed Statement of Financial Activities for the Year Ended 31 December 2024 |
£ 121 2,286 1,978 |
|---|---|---|
| 4,385 450 |
||
| 41,295 | ||
| 186,021 |
This page does not form part of the statutory financial statements
Page 9